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Spirit AeroSystems Holdings Inc (SPR.N)

SPR.N on New York Stock Exchange

80.73USD
17 Nov 2017
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$-0.01 (-0.01%)
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Latest Key Developments (Source: Significant Developments)

Spirit Aerosystems holdings Q3 earnings per share $1.26
Wednesday, 1 Nov 2017 07:30am EDT 

Nov 1 (Reuters) - Spirit Aerosystems Holdings Inc :Spirit Aerosystems announces solid third quarter 2017 operating results with EPS up 9% Y/Y and cash from operations up 9% Y/Y; finalized definitive agreements with boeing; executed $194 million in share repurchases.Q3 earnings per share $1.26.Q3 revenue $1.7 billion versus I/B/E/S view $1.73 billion.Q3 earnings per share view $1.26 -- Thomson Reuters I/B/E/S.Spirit Aerosystems Holdings Inc - ‍finalized definitive agreements with boeing to settle open commercial issues on a range of programs into 2022​.Spirit Aerosystems - backlog at end of Q3 was approximately $45 billion, with work packages on all commercial platforms in boeing and airbus backlog​.Spirit Aerosystems Holdings Inc - ‍ "for 2017 we are reaffirming our guidance"​.FY2017 earnings per share view $5.25, revenue view $6.92 billion -- Thomson Reuters I/B/E/S.Spirit Aerosystems -Q3 revenue primarily driven by higher production deliveries on boeing 737 and 787 programs and increased defense-related activity.Spirit Aerosystems - ‍ operating income for Q3 down slightly primarily due to lower production deliveries on boeing 777 program, lower gcs&s activity​.Spirit Aerosystems Holdings Inc qtrly ‍ revenues $1,748 million versus $1,711 million​.  Full Article

Spirit Aerosystems says ‍reached licensing agreement with NDT Solutions
Monday, 16 Oct 2017 03:31pm EDT 

Oct 16 (Reuters) - Spirit Aerosystems Holdings Inc ::Spirit aerosystems - ‍reached licensing deal with NDT Solutions LLC.Spirit aerosystems - ‍licensing agreement to commercialize co's inspection device for ultrasonic inspection of complex, integrated composite structures​.  Full Article

Spirit Aero expects to generate 2018 free cash flow of 7-9 pct of revenue
Wednesday, 2 Aug 2017 01:15pm EDT 

Aug 2 (Reuters) - Spirit Aerosystems Holdings Inc :Spirit aero says going forward expects to generate annual free cash flow of 7-9 percent of revenue, up from from 6-8 percent - conf call.  Full Article

Spirit Aerosystems reports Q2 loss per share of $0.48
Wednesday, 2 Aug 2017 07:30am EDT 

Aug 2 (Reuters) - Spirit Aerosystems Holdings Inc :Spirit Aerosystems announces strong second quarter 2017 operating results; signs MOU for long-term agreement with boeing to settle open issues; increases share repurchase authorization up to $1 billion; raises 2017 cash from operations and free cash flow* guidan.Sees FY 2017 adjusted earnings per share $5.00 to $5.25.Sees FY 2017 earnings per share $2.95 to $3.20.Q2 loss per share $0.48.Q2 revenue $1.8 billion versus I/B/E/S view $1.75 billion.Q2 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.Spirit's backlog at end of Q2 of 2017 was approximately $46 billion.Increases share repurchase authorization up to $1 billion.Qtrly adjusted earnings per share $1.57.Sees ‍2017 revenue $6.8 - $6.9 billion​.FY2017 earnings per share view $4.80, revenue view $6.88 billion -- Thomson Reuters I/B/E/S.‍Reached an agreement with Boeing, into 2022 on open commercial issues related to a range of programs​.‍"One of biggest challenges in our discussions with Boeing has been 787 pricing"​.As a result of MOU with Boeing, "we have recognized a reach-forward loss of $353 million on 787 program".As part of new MOU with boeing, extending block from 1003 units to 1300 units, establishing planning block through line unit 1405​.‍MOU with boeing requires that parties negotiate and execute definitive documentation, as defined in MOU, in Q3 of 2017​.  Full Article

Spirit Aero says pricing negotiations with Boeing taking longer-than-expected to close - Conf call
Wednesday, 3 May 2017 11:33am EDT 

May 3 (Reuters) - Spirit AeroSystems Holdings Inc :Says while pricing negotiations with Boeing have been constructive, they are taking longer-than-expected to close; says seeking a fair and equitable agreement.Says there still a gap between Boeing and Spirit Aero on the 737 side as well as the 787 side, with respect to pricing negotiations.  Full Article

Spirit Aerosystems Holdings Q1 earnings per share $1.17
Wednesday, 3 May 2017 07:30am EDT 

May 3 (Reuters) - Spirit Aerosystems Holdings Inc ::Spirit Aerosystems Holdings, Inc. Reports first quarter 2017 financial results; meets commitments; reaffirms 2017 guidance.Q1 earnings per share $1.17.Q1 revenue $1.7 billion versus I/B/E/S view $1.67 billion.Q1 earnings per share view $1.17 -- Thomson Reuters I/B/E/S.Spirit Aerosystems Holdings Inc- spirit's backlog at end of q1 of 2017 was approximately $46 billion.Spirit Aerosystems Holdings Inc sees 2017 revenue $6.8 - $6.9 billion.Spirit Aerosystems Holdings Inc sees 2017 free cash flow $450 million - $500 million.Sees 2017 earnings per share $4.60 - $4.85.Fy2017 earnings per share view $4.81, revenue view $6.87 billion -- Thomson Reuters I/B/E/S.  Full Article

SPIRIT AEROSYSTEMS HOLDINGS SETS REGULAR QUARTERLY DIVIDEND OF $0.10 PER SHARE
Wednesday, 26 Apr 2017 01:06pm EDT 

April 26 (Reuters) - Spirit Aerosystems Holdings Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.10 PER SHARE.  Full Article

Spirit Aerosystems Holdings says CEO Thomas Gentile III's 2016 compensation was $6.2 mln
Friday, 24 Mar 2017 05:46pm EDT 

Spirit Aerosystems Holdings Inc : CEO Thomas Gentile III's 2016 total compensation was $6.2 million - SEC filing . Former CEO Larry Lawson's FY 2016 total compensation was $31.1 million versus $10.4 million in FY 2015 . Former CEO Larry Lawson's FY 2016 total compensation includes $25.3 million of stock awards .CFO Sanjay Kapoor's 2016 total compensation was $4.4 million versus $2.3 million in 2015.  Full Article

AeroSpace Technology of Korea signs 26.84 bln won contract with Spirit Aerosystems
Sunday, 12 Mar 2017 10:49pm EDT 

AeroSpace Technology of Korea Inc <067390.KQ> :Says it signed 26.84 billion won contract with Spirit Aerosystems to provide sheet metal and module.  Full Article

Spirit Aero says ongoing negotiations with Boeing are "constructive" - Conf call
Wednesday, 1 Feb 2017 12:01pm EST 

Spirit AeroSystems Holdings: With respect to ongoing negotiations with Boeing, "coversations are constructive" - Conf call Further company coverage: [SPR.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Spirit AeroSystems' profit in-line but margins decline

Aircraft parts maker Spirit AeroSystems Holdings Inc on Wednesday posted a decline in quarterly operating margins, hurt by lower maintenance, repair and overhaul services sales.